The New Zealand Reserve Bank have officially released the last three denominations of the new series 7 banknotes.
The new $20, $50 and $100 banknotes have entered into circulation and will now be accepted as legal tender notes alongside the now older series 6 banknotes. According to The Reserve Bank’s Head of Currency, Property and Security, Steve Gordon the new bolder and brighter banknotes will gradually enter into circulation as retail banks place orders for new currency. During a statement he said that :
"Approximately 300,000 of the new Series 7 $20, $50 and $100 banknotes have been dispatched to banks to meet their orders so far”
Reserve Bank Governor Graeme Wheeler said the following of the new security features included on the notes :
“Global banknote technology has advanced to a state where sophisticated design can be incorporated into a security feature to make the banknote both hard to counterfeit and visually appealing,” he said.
The newly redesigned banknotes are still the same size and retain the same themes of the old series 6 notes but incorporate significantly improved security features. All the new Series 7 polymer banknotes incorporate the same four main security features, which are the holographic window, colour-changing bird, puzzle number and raised ink.
The series 7 $5 and $10 notes entered into circulation during October of 2015.
The Reserve Bank of New Zealand have set up a very useful interactive site that you can easily explore the new banknotes here : www.brightermoney.co.nz
All images are courtesy of the New Zealand Reserve bank